Positive
Project advancing - milestone achieved
Medium Impact
Significant progress or notable issue
On 2 March 2017, Ofgem advanced the Race Bank offshore transmission project through Tender Round 5 by shortlisting five bidding groups—Balfour Beatty Investments, Equitix, Diamond Transmission Partners, Transmission Capital Partners and Triton Transmission—to compete at the Invitation to Tender stage, under a regime offering each eventual OFTO a 20‑year regulated revenue stream for the transmission assets.